Suzlon submits offer document
Hamburg (euro adhoc) -
PRESS INFORMATION
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Hamburg, 28 February 2007. Today, Suzlon Windenergie GmbH delivered the offer document regarding the acquisition of the shares of REpower Systems AG (WKN 617703). On 9 February Suzlon proposed its counteroffer to the takeover bid from French AREVA S.A., which was published on 5 February 2007.
As the offer is now available, a meeting between Suzlon´s chairman Tulsi Tanti and REpower´s board of directors in Hamburg is scheduled for this Friday, 2 March 2007.
"The meeting gives us the chance to now discuss the plans regarding our company announced by Suzlon personally. The offer itself will be investigated by the board in the next few days, so that we will soon be able to publish a reasoned opinion", REpower´s CEO Prof. Dr. Fritz Vahrenholt comments.
The offer of Suzlon Windenergie GmbH - a joint venture between the Indian wind turbine manufacturer Suzlon Energy Ltd. and the Portuguese steel and metal building company Martifer - provides a takeover price of EUR 126.00 per share (equalling a total value of EUR 1.02 billion).
About REpower:
REpower Systems AG is one of the leading manufacturers of onshore and offshore wind turbines. The international engineering company develops, produces and sells wind turbines with outputs ranging from 1.5 to 5 megawatts and rotor diameters of 70 to 126 metres for almost all locations. It also provides a comprehensive service and maintenance range. The high performance, reliable turbines are designed at the REpower development centre in Rendsburg and produced at the sites in Husum (North Frisia) and Trampe (Brandenburg).
Listed on the stock exchange since March 2002 and with around 880 employees worldwide, the Hamburg-based company relies on its experience in the production and installation of more than 1,500 wind turbines worldwide. REpower is represented in European markets such as France, the United Kingdom, Italy, Portugal and Spain and in the international markets of Japan, China and Australia through its sales partners, subsidiaries and investments.
Contacts:
|REpower Systems AG | | |Daniela Puttenat |Thomas Schnorrenberg | |Corporate Communications & |Investor Relations | |Public Relations | | |Phone:+49 - 40 - 53 93 07- 14 |Phone:+49 - 40 - 53 93 07- 23 | |Fax.: +49 - 40 - 53 93 07- 37 |Fax.: +49 - 40 - 53 93 07- 77 | |E-mail: d.puttenat@repower.de |E-mail: t.schnorrenberg@repower.de |
end of announcement euro adhoc 28.02.2007 17:35:51
Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-53930-723
E-Mail: t.schnorrenberg@repower.de
Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: Prime All Share, CDAX, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
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Hamburger Wertpapierbörse / free trade
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